Company Valuation: Intercos S.p.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,346 1,222 1,376 1,340 1,066 1,164 - -
Change - -9.19% 12.6% -2.66% -20.46% 9.21% - -
Enterprise Value (EV) 1 1,473 1,313 1,477 1,438 1,166 1,275 1,247 1,216
Change - -10.84% 12.46% -2.65% -18.87% 9.32% -2.21% -2.48%
P/E 48.5x 27x 26.5x 27.8x 21.7x 18.2x 15.8x 14.2x
PBR 3.67x 2.92x 3.08x 2.81x 2.19x 2.23x 2.05x 1.86x
PEG - 0.4x 1.8x -3.75x 10.85x 0.5x 1x 1.3x
Capitalization / Revenue 2x 1.46x 1.39x 1.26x 1.02x 1.06x 1x 0.95x
EV / Revenue 2.19x 1.57x 1.49x 1.35x 1.11x 1.16x 1.07x 0.99x
EV / EBITDA 14.6x 10.8x 10.7x 10x 7.48x 7.82x 7.08x 6.46x
EV / EBIT 34.4x 18.5x 16x 15.3x 11.3x 11.7x 10.4x 9.33x
EV / FCF 64.1x 51.3x 30.6x 42x 23.6x 27.9x 22.5x 18.9x
FCF Yield 1.56% 1.95% 3.27% 2.38% 4.23% 3.59% 4.45% 5.3%
Dividend per Share 2 - - - - - 0.2411 0.2769 0.3064
Rate of return - - - - - 1.94% 2.23% 2.47%
EPS 2 0.29 0.47 0.54 0.5 0.51 0.6819 0.7847 0.8715
Distribution rate - - - - - 35.4% 35.3% 35.2%
Net sales 1 673.7 835.6 988.2 1,065 1,047 1,100 1,166 1,227
EBITDA 1 101.1 121.7 137.5 143.3 156 163 176 188.3
EBIT 1 42.8 70.9 92.07 93.7 103.2 109.1 119.9 130.3
Net income 1 26.5 45 52.34 48.8 50.1 65.92 76.02 84.9
Net Debt 1 126.6 90.65 100.2 97.7 100.5 111 82.85 51.99
Reference price 2 14.06 12.70 14.30 13.92 11.06 12.40 12.40 12.40
Nbr of stocks (in thousands) 95,742 96,258 96,258 96,258 96,364 93,867 - -
Announcement Date 23/03/22 14/03/23 20/03/24 04/03/25 04/03/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.15x4.04x14.79x3.05% 334B
28.54x4.39x18.11x2.09% 223B
17.74x2.66x11.72x3.6% 128B
23.26x3.46x14.55x2.51% 67.39B
49.91x7.23x27.86x0.31% 45.14B
38.12x6.13x26.61x2.45% 44.8B
18.14x2.58x10.74x4.9% 33.08B
31.19x2.36x13.24x1.73% 32.63B
14.14x2.31x10.68x5.47% 31.38B
Average 26.91x 3.91x 16.48x 2.9% 104.38B
Weighted average by Cap. 24.79x 3.98x 16.00x 2.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield